Spain ups growth forecast for 2016, 2017

Spain's economy minister on Wednesday upped growth forecasts for this year and the next, in a sign that a 10-month political impasse had limited effect on the economy. Luis de Guindos told reporters Spain's economy was expected to grow 3.2 percent this year -- well above the eurozone average -- and 2.5 percent in 2017, compared to the respective 2.9 and 2.3 percent put forward previously. The European Commission had already said that the economy would grow 3.2 percent this year, but their predic